Are you looking to withdraw funds from your X-Account on the Wirex app? Whether you have an X-Account Flexible or an X-Account Plus, the process is simple and straightforward. In this article, we'll guide you through the steps for withdrawing funds from each type of account.
How to withdraw funds from X-Accounts Flexible
To withdraw funds from your X-Account Flexible, please follow these steps:
- On the dashboard, select "Grow" and click "Earn."
- Choose the X-Account you would like to withdraw funds from.
- Click on "Withdraw."
- Enter the amount you wish to withdraw and click "Withdraw."
- Your savings will be transferred to your regular currency account.
You can choose to withdraw your entire balance or only a partial amount. If you withdraw only a portion of your funds, the interest earned on the remaining balance will continue to accumulate, but a new minimum daily balance will be taken into consideration. However, please note that if you withdraw all of your balance, the interest earned on the account will stop, and any unpaid interest will be forfeited.
How to withdraw funds from X-Account Plus
If you have an X-Account Plus, follow these steps to withdraw funds:
- Click on "Withdraw" on the X-Account Plus tab.
- Select "Request Withdrawal."
- The redemption period will start, and in 30 days, you'll be able to redeem your money.
- The notification will show you the date when the funds will be available to be redeemed.
- Once the redemption period is complete, your X-Account will be downgraded to an X-Account Flexible. Please note that the interest will continue to accumulate after redemption but with a lower rate, according to current rates.
It's important to note that the redemption period for X-Account Plus is fixed at 30 days, and you won't be able to access your funds until this period has elapsed.
In conclusion, withdrawing funds from your X-Account on the Wirex app is a quick and easy process. By following these simple steps, you can move your funds from your X-Account to your regular currency account or request withdrawal from your X-Account Plus.